Iran's Energy Minister: Cryptocurrency mining must be regulated, 2,000 people have applied for mining licenses

According to BlockBeats, on May 30, Iranian Energy Minister Reza Ardakanian said that cryptocurrency mining must be regulated and illegal miners must be punished because the production of digital currencies consumes a lot of energy. Ardakanian told lawmakers at a briefing that mining 1 bitcoin requires 300,000 MWh of energy, which means the government should cut off electricity to 30,000 households for 24 hours in order to mine Bitcoin. So far, 2,000 people have applied to the Ministry of Mines for mining licenses, and only 99 of them have completed the paperwork. The industry needs to be regulated to avoid power outages during epidemics and hot weather conditions. (IFP News)